Schroder Investment Management Group Cuts Position in ANSYS, Inc. (NASDAQ:ANSS)

Schroder Investment Management Group trimmed its holdings in shares of ANSYS, Inc. (NASDAQ:ANSS) by 7.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,933 shares of the software maker’s stock after selling 1,499 shares during the period. Schroder Investment Management Group’s holdings in ANSYS were worth $6,398,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new position in ANSYS during the 4th quarter valued at approximately $615,566,000. Proficio Capital Partners LLC purchased a new stake in shares of ANSYS in the fourth quarter worth $119,140,000. State Street Corp increased its holdings in shares of ANSYS by 3.0% during the third quarter. State Street Corp now owns 3,703,249 shares of the software maker’s stock valued at $1,179,966,000 after acquiring an additional 106,187 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of ANSYS by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 386,708 shares of the software maker’s stock worth $123,217,000 after purchasing an additional 100,042 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd boosted its stake in ANSYS by 99.4% in the 4th quarter. Broad Peak Investment Advisers Pte Ltd now owns 182,573 shares of the software maker’s stock worth $61,587,000 after purchasing an additional 91,000 shares in the last quarter. 92.39% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Glenda Dorchak sold 200 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $336.62, for a total transaction of $67,324.00. Following the completion of the sale, the director now owns 3,430 shares in the company, valued at approximately $1,154,606.60. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. StockNews.com lowered shares of ANSYS from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. Rosenblatt Securities raised their price target on shares of ANSYS from $335.00 to $340.00 and gave the company a “neutral” rating in a research report on Friday, February 21st.

ANSYS Price Performance

NASDAQ ANSS opened at $286.85 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.01 and a current ratio of 3.01. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 43.79, a PEG ratio of 3.48 and a beta of 1.20. The stock has a 50-day moving average of $330.70 and a 200 day moving average of $333.98. ANSYS, Inc. has a one year low of $285.93 and a one year high of $363.03.

ANSYS (NASDAQ:ANSS) last released its quarterly earnings data on Wednesday, February 19th. The software maker reported $3.65 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.32). The company had revenue of $882.17 million for the quarter, compared to analysts’ expectations of $864.46 million. ANSYS had a net margin of 22.62% and a return on equity of 12.69%. On average, sell-side analysts forecast that ANSYS, Inc. will post 8.32 EPS for the current year.

ANSYS Profile

ANSYS, Inc develops and markets engineering simulation software and services for engineers, designers, researchers, and students in the United States, Japan, Germany, China, Hong Kong, South Korea, rest of Europe, the Middle East, Africa, and internationally. It offers structural analysis product suite that provides simulation tools for product design and optimization; the Ansys Mechanical product, an element analysis software; LS-DYNA solver for multiphysics simulation; and power analysis and optimization software suite.